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Elaine Penrose


Elaine Penrose

Recognised for having deep experience of acting for large corporations and financial institutions on a wide range of disputes, Elaine regularly acts for banks, fund managers and other financial institutions in contentious matters. She also has experience in sports and media disputes. Elaine has particular knowledge of contentious regulatory matters including internal investigations, representing financial institutions and their employees who are under investigation by regulators, and representing them in enforcement and disciplinary proceedings brought by the FCA, other regulatory, disciplinary and criminal authorities both in the UK and overseas.

Elaine has spent time on secondment at the Enforcement Division of the UK Regulator where she assisted in prosecuting a number of high-profile market misconduct matters. She therefore brings insights into the thinking of the regulator, which go beyond black letter law analysis. She has first-hand experience of all aspects of the litigation process, from instruction through to High Court trial, including acting for clients during the appellate process as both appellant and respondent.

Representative Experience

Successfully defending a trader at a large investment bank from an insider dealing investigation by the FSA.

Acting for a firm under investigation by the FSA for alleged failings in relation to PPI selling.

Advising a regulated firm on data security breaches and preparing them for a thematic review by the FSA.

Acting for a multinational corporation in a very substantial investigation into alleged breaches of regulatory and criminal provisions in the US and the UK.

Acting for a large television company in a dispute about the exploitation of new media rights across the UK.

Education and admissions


  • LPC, The College of Law
  • M.A., University of Cambridge

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